3 ms·

Yes, because the advice is sound advice, no matter the circumstances. Ironically, the fact that she's using timing makes a sound advice laughable in my eyes: -

by atmosx 8y ago

Yes, because the advice is sound advice, no matter the circumstances. Ironically, the fact that she's using timing makes a sound advice laughable in my eyes: - NOW you should stop spending investor's money! - Why not two years ago? Why not in 2025? Are we going to burst anytime soon like next month or decade? On a more serious note, one thing that might affect greatly the world economy is the breaking of the common European currency, the EURO. We might be closer that scenario than most realise. I'm referring to the Italian elections and what could they bring upon Europe, should the Italians decide to have a referendum on the Euro. The best case scenario would be for Brussels to suddenly democratise itself and for European integration to continue, but with the rise of the far-right all over Europe, I don't see that happening.

pgeorgi 8y ago
> should the Italians decide to have a referendum on the Euro. About the only way for an Eurozone member to leave is to leave the EU (since that's a condition for Eurozone membership and the Eurozone has no leaving procedure of its own in its bylaws). They will at least wait to see how it turns out for the UK before trying anything like that.
- atmosx 8y ago
  Why should they? UK's case is totally different case. I don't think that exiting the currency means exiting the union.
  - pgeorgi 8y ago
    https://en.wikipedia.org/wiki/Withdrawal_from_the_Eurozone https://en.wikipedia.org/wiki/Withdrawal_from_the_Eurozone "Other analysts[10] have submitted that there are basically three ways of exiting the Eurozone: by leaving and subsequently rejoining the EU, whereby a renewed membership in the European Union would be possible only when economic convergence had been achieved; through a Treaty amendment; or through a European Council decision. The amendment would involve an extension of Article 50[11] of the European Treaty that would set out the process for exiting the euro." 1. "Leaving the EU" is what the UK is doing right now (and Italy would want to wait to see how messy that will be) 2. "A Treaty amendment" requires consent by other treaty members, so not going to happen 3. "European Council decision" also requires consent by a significant portion of European countries, so also not going to happen.

by atmosx 8y ago

pgeorgi 8y ago

> should the Italians decide to have a referendum on the Euro. About the only way for an Eurozone member to leave is to leave the EU (since that's a condition for Eurozone membership and the Eurozone has no leaving procedure of its own in its bylaws). They will at least wait to see how it turns out for the UK before trying anything like that.

atmosx 8y ago
Why should they? UK's case is totally different case. I don't think that exiting the currency means exiting the union.
- pgeorgi 8y ago
  https://en.wikipedia.org/wiki/Withdrawal_from_the_Eurozone https://en.wikipedia.org/wiki/Withdrawal_from_the_Eurozone "Other analysts[10] have submitted that there are basically three ways of exiting the Eurozone: by leaving and subsequently rejoining the EU, whereby a renewed membership in the European Union would be possible only when economic convergence had been achieved; through a Treaty amendment; or through a European Council decision. The amendment would involve an extension of Article 50[11] of the European Treaty that would set out the process for exiting the euro." 1. "Leaving the EU" is what the UK is doing right now (and Italy would want to wait to see how messy that will be) 2. "A Treaty amendment" requires consent by other treaty members, so not going to happen 3. "European Council decision" also requires consent by a significant portion of European countries, so also not going to happen.